Nursing Facility Services for Non-ABD Related – Determining Resource Eligibility

THERE IS NO RESOURCE STANDARD TEST The following apply: 60 month look-back period on all assets Penalty for transfer of assets Rules on annuities, promissory notes, life estates and trusts are the same as for ABD related NOT subject to Medicaid lien on home property Subject to Medicaid Estate Recovery if age 55 older when […]

Transfer of Resources

Transfer of Resources or Assets – individuals who apply for or receive long term care services and transfer or give away resources are subject to a transfer penalty if the individual, the individual’s spouse, the guardian, or legal representative of the individual or individual’s spouse, disposes of resources for less than fair market value during […]